What is Firm Capital Apartment REIT Sloan Ratio %?
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Firm Capital Apartment REIT's Sloan Ratio %
For the REIT - Residential subindustry, Firm Capital Apartment REIT's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Firm Capital Apartment REIT's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Firm Capital Apartment REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Firm Capital Apartment REIT's Sloan Ratio % falls into.
Firm Capital Apartment REIT Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Firm Capital Apartment REIT's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -2.037 (Dec. 2022 ) + -4.902 (Mar. 2023 ) + -1.855 (Jun. 2023 ) + -1.484 (Sep. 2023 ) = $-10.28 Mil.
Firm Capital Apartment REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0.761 (Dec. 2022 ) + -0.846 (Mar. 2023 ) + -0.392 (Jun. 2023 ) + 0.655 (Sep. 2023 ) = $0.18 Mil.
Firm Capital Apartment REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -1.66 (Dec. 2022 ) + -0.557 (Mar. 2023 ) + 11.659 (Jun. 2023 ) + 27.27 (Sep. 2023 ) = $36.71 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Firm Capital Apartment REIT (TSXV:FCA.U) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Sep. 2023, Firm Capital Apartment REIT has a Sloan Ratio of -37.93%, indicating there is a warning stage of accrual build up.
Firm Capital Apartment REIT Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Firm Capital Apartment REIT's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Firm Capital Apartment REIT (TSXV:FCA.U) Business Description
Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.
Firm Capital Apartment REIT (TSXV:FCA.U) Headlines
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